Bitcoin mining company U.S. Bitcoin Corp (USBTC) has announced its intention to employ the mining assets of Celsius, the defunct crypto lender. The development follows the acquisition of application-specific integrated circuit (ASIC) machines from the bankrupt company by the Fahrenheit coalition, of which USBTC is a member. USBTC said it aims to revive the fleet of 121,800 Celsius machines and foresees a 12.2 exahash per second (EH/s) boost to its mining operations.

Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities.

PRESS RELEASE. </strong><span style=\"font-weight: 400;\">Hot on the heels of generating $1M in sales in sold-out first mint event, Undeads Metaverse is excited to announce the development of another zombie-filled game that will allow NFT holders to earn rewards on their Undead NFTs sooner than anticipated. The new game, &#8220;Undeads Runner,&#8221; was inspired by Yuga Labs&#8217; Dookey Dash and is focused on continuing to build a strong, long-term and thriving Undead Metaverse community. </span></p> <p><span style=\"font-weight: 400;\">The &#8220;Undeads Runner&#8221; game has gone into production and is being built in-house. The Undeads team has expanded to include a new production team dedicated to the game’s creation and will not affect the production of the current Undeads Metaverse game.</span></p> <p><span style=\"font-weight: 400;\">Undeads Metaverse team wanted to create this runner game to drive community engagement and provide fun and entertainment while the main AAA game is under production. The production time for the Undeads Metaverse game is approximately 16-18 months, and the team wanted to provide NFT holders with an opportunity to use their NFTs as a pass to play the game and earn rewards. The player score and achievements will translate into rewards, and there will be a score leaderboard hosted on the Undeads website.</span></p> <p><span style=\"font-weight: 400;\">The &#8220;Undeads Runner&#8221; game is browser-based, enabling wide-spread accessibility on all types of devices, including PC, Mac, and mobile. </span></p> <p><span style=\"font-weight: 400;\">&#8220;We are thrilled to announce the development of the &#8216;Undeads Runner&#8217; game and provide NFT holders with an opportunity to use their NFTs and earn rewards,&#8221; said Leo Kahn, CEO and visionary behind the Undeads Metaverse. &#8220;This game will bring more engagement and excitement to our community while we continue to work on delivering Undeads Metaverse&#8221;</span></p> <p><span style=\"font-weight: 400;\">The production of ‘Undeads Runner” is underway, and the first glimpse of the game is expected to be ready for &#8220;Undeads Ambassadors&#8221; by early September. The game will be fully released thereafter all NFT holders to enjoy</span></p> <p><strong>About Undeads Metaverse

Litecoin rose for a sixth consecutive session to start the week, as bullish sentiment returned to cryptocurrency markets. As of writing, the global market cap is up by as much as 2.50%. <a class=\"lar-automated-link\" href=\"https://markets.bitcoin.com/crypto/BNB\" target=\"_blank\">BNB</a> was also in the green, hitting a 20-day high on Monday.

The blockchain of the petro, the Venezuelan official cryptocurrency asset, has been facing difficulties, halting on May 24, with block production restarting on May 27 only to stop again on May 28. Asonacrip, a local cryptocurrency association, also reported that hundreds of petro wallets were eliminated or blocked.

Bitcoin climbed above the $28,000 level on Monday, as U.S. President Joe Biden confirmed that a deal was agreed in principle. Biden labeled the agreement a &#x201C;compromise,&#x201D; with Republican Kevin McCarthy calling it &#x201C;historic.&#x201D; Ethereum was also higher on the news, hitting a three-week peak.

Welcome to Latam Insights, a compendium of Latin America&#8217;s most relevant crypto and economic development news during the last week. In this issue, Venezuela tries to regain control of the gold stash held in London again; Argentina seeks to expand the Chinese yuan swap line; and Azteco enables bitcoin purchases in more than 55,000 stores in Colombia and Costa Rica.

Peter Schiff, the chief economist of Europac and best-selling author, has blasted the recent bipartisan deal regarding the United States debt ceiling. According to Schiff, the proposal fails to address the already inflated budget, allowing rises in several budget areas without supervision, which could increase the U.S. national debt by at least $4 trillion in the next two years.

The South African fiat currency&#8217;s exchange rate versus the U.S. dollar plunged to a new all-time low of 19.7640 per dollar on May 25 just moments after the South African Reserve Bank raised the benchmark interest rate to its highest since 2009. Although the currency has since made some recovery, prediction models show that the rand will soon breach the 20 rand per dollar mark.

Global cryptocurrency exchange Binance says it has created a new crypto trading platform for Japan residents that will be available this summer. The new exchange will fully comply with Japanese crypto regulations and will offer trading of a limited number of tokens initially, according to the exchange.

Belarus President Alexander Lukashenko says his country&#8217;s response to sanctions is to deepen relations with the BRICS, the Shanghai Cooperation Organization (SCO), and the Association of Southeast Asian Nations (ASEAN). &#8220;The creation of a comprehensive economic union remains our priority,&#8221; he emphasized. &#8220;There should be no barriers and no restrictions at all. This is a basic principle for building our union, and we must reach this target as soon as possible.&#8221;

The Nigerian gift card and crypto trading platform, Patricia, announced on May 26 that one of its trading applications had been breached and that <a class=\"lar-automated-link\" href=\"https://markets.bitcoin.com/crypto/BTC\" 311996 target=\"_blank\">BTC</a> as well as naira assets were compromised. The crypto exchange platform said it has since suspended withdrawals and is presently &#x201C;undergoing internal restructuring.&#x201D;

Kaspersky, the multinational cybersecurity and anti-virus provider, made a startling revelation on May 10th. According to their report, a victim of a crypto hack had unwittingly purchased a counterfeit Trezor Model T from a “trusted seller through a popular classifieds website.” The researchers at Kaspersky were able to extract the custom firmware that the hackers had installed on the device. This revealed that the private key was already known to the hackers before the victim had even purchased the machine.

South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings.

On January 3, 2009, Satoshi Nakamoto mined the Genesis Block on a small server i